AIG suffers whopping $6bn loss; Duperreault bullish over 'progress'

AIG suffers whopping $6bn loss in 2020; Duperreault bullish over 'progress'

AIG CEO Brian Duperreault; Source: AIG

Global insurance conglomerate American International Group (AIG) suffered a whopping loss of $6 billion in 2020 driven by losses related to higher catastrophes and COVID-19 pandemic but mainly due to the sale of Fortitude Re. However, its CEO Brian Duperreault, who will soon transition into the role of executive chair following an organisational overhaul, insists the company is making "continued progress".

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AIG, 2020 Results, Insurance, Reinsurance, Brian Duperreault, North America, Global

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